3 ms·
That's very fishy. They should give you all of the information in the plan because the details do matter when push comes to shove. I.e., you want to know not
by johnm 18y ago
That's very fishy. They should give you all of the information in the plan because the details do matter when push comes to shove. I.e., you want to know not just the currently outstanding shares but all of the authorized shares as well. This is important in judging whether or not they've boxed themselves in w.r.t. funding and valuation. I've been seeing more startups lately getting themselves into needlessly tough positions by not raising enough money early and so their pattern is set at too low a range for future rounds unless everything goes hockey stick.
If they give you any BS about you not needing that information then you should run away (and tell everybody about them).